Aramark price target lowered to $44 from $46 at Deutsche Bank

Deutsche Bank analyst Faiza Alwy lowered the firm’s price target on Aramark to $44 from $46 and keeps a Hold rating on the shares. Aramark’s stock declined -6.7% following its Q1 earnings miss despite an unchanged organic outlook, the analyst tells investors. With the stock down over -12% for much of the session, expectations were clearly elevated; even the firm previewed the quarter more favorably, having assumed continued upside to new business and profitability.